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3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (c) weighted average, and (d) specific identification. For specific identification, units sold
3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (c) weighted average, and (d) specific identification. For specific identification, units sold include 135 units from beginning inventory, 265 units from the March 5 purchase, 115 units from the March 18 purchase, and 155 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual Cost of Goods Sold Date Goods Purchased # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance $ 53.80 = $ 12,912.00 March 1 240 at March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (C) weighted average, and (c) specific identification. For specific identification, units sold include 135 units from beginning inventory. 265 units from the March 5 purchase, 115 units from the March 18 purchase, and 155 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 135 units from beginning inventory, 255 units from the March 5 purchase, 115 units from the March 18 purchase, and 155 units from the March 25 purchase. Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory Date Cost of Goods Cost per # of units Ending in ending Inventory inventory March 1 # of units Cost per # of units unit Available for Sale Cost per unit Cost of Goods Sold sold unit March 5 March 18 March 25 Total 3. Compute the cost assigned to ending inventory using (a) FIFO.(6) LIFO. (c) weighted average, and (c) specific identification. For specific identification, units sold include 135 units from beginning inventory, 265 units from the March 5 purchase, 115 units from the March 18 purchase, and 155 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO Cost of Goods Sold Cost Cost of Goods Sold Date Goods Purchased # of units Cost # of units sold per unit per unit Inventory Balance # of units Cost Inventory per unit Balance 240 at $53.80] = $ 12.912.00 March 1 March 5 Total March 5 March Total March March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals
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